Commonwealth Consolidated Acts Commonwealth Consolidated ActsIn this Act:
"Aboriginal and Torres Strait Islander Land Account" means the Aboriginal and Torres Strait Islander Land Account that was continued in existence by repealed section 192W of the Aboriginal and Torres Strait Islander Act 2005 .
"Aboriginal and Torres Strait Islander Land and Sea Future Fund" means the Aboriginal and Torres Strait Islander Land and Sea Future Fund established by section 9.
"Aboriginal and Torres Strait Islander Land and Sea Future Fund investment function" of the Future Fund Board means:
(a) a function or power conferred on the Future Fund Board by section 30, 31, 38, 40, 42 or 43; or
(b) a right or power conferred on the Future Fund Board in its capacity as the holder of an investment of the Aboriginal and Torres Strait Islander Land and Sea Future Fund.
"Aboriginal and Torres Strait Islander Land and Sea Future Fund Investment Mandate" has the meaning given by subsection 32(3).
"Aboriginal and Torres Strait Islander Land and Sea Future Fund Special Account" means the Aboriginal and Torres Strait Islander Land and Sea Future Fund Special Account established by section 12.
"acquire" includes acquire by way of issue.
"Agency" means the Future Fund Management Agency.
"Appropriation Act" means an Act appropriating money for expenditure out of the Consolidated Revenue Fund.
"asset" has the same meaning as in the Future Fund Act 2006 .
"balance of the Aboriginal and Torres Strait Islander Land and Sea Future Fund" means the sum of:
(a) amounts standing to the credit of the Aboriginal and Torres Strait Islander Land and Sea Future Fund Special Account; and
(b) the value of investments of the Aboriginal and Torres Strait Islander Land and Sea Future Fund.
"bank" has the same meaning as in the Public Governance, Performance and Accountability Act 2013 .
"business day" means a day that is not a Saturday, a Sunday or a public holiday in the Australian Capital Territory.
"business entity" means:
(a) a company; or
(b) a partnership; or
(c) a trust; or
(d) a body politic.
"derivative" means a derivative (within the meaning of Chapter 7 of the Corporations Act 2001 ) that is a financial asset.
"Finance Department" means the Department administered by the Finance Minister.
"Finance Minister" has the same meaning as in the Public Governance, Performance and Accountability Act 2013 .
"financial asset" has the same meaning as in the Future Fund Act 2006 .
"Future Fund Board" means the Future Fund Board of Guardians established by section 34 of the Future Fund Act 2006 .
"Future Fund Special Account" means the Future Fund Special Account established by section 12 of the Future Fund Act 2006 .
"indexation factor" has the meaning given by section 24.
"Indigenous Affairs Department" means the Department administered by the Indigenous Affairs Minister.
"Indigenous Affairs Minister" means the Minister who administers Part 4A of the Aboriginal and Torres Strait Islander Act 2005 .
"Indigenous Land and Sea Corporation" means the corporation continued in existence by section 191A of the Aboriginal and Torres Strait Islander Act 2005 .
"Indigenous Land and Sea Corporation Board" has the same meaning as in the Aboriginal and Torres Strait Islander Act 2005 .
"Indigenous Land and Sea Corporation Funding Special Account" means the special account continued in existence by section 20.
"investment" means any mode of application of money or financial assets for the purpose of gaining a return (whether by way of income, capital gain or any other form of return).
"investment manager" means a person or body (other than the Agency) who undertakes to do any or all of the following:
(a) invest amounts on behalf of the Future Fund Board;
(b) manage the investment of funds on behalf of the Future Fund Board;
(c) acquire derivatives on behalf of the Future Fund Board;
(d) manage derivatives on behalf of the Future Fund Board;
(e) enter into securities lending arrangements on behalf of the Future Fund Board;
(f) realise financial assets on behalf of the Future Fund Board;
(g) perform custodial functions in relation to the financial assets of the Future Fund Board.
"investment of the Aboriginal and Torres Strait Islander Land and Sea Future Fund" means a financial asset that, under a provision of this Act, is taken to be an investment of the Aboriginal and Torres Strait Islander Land and Sea Future Fund.
"official" has the same meaning as in the Public Governance, Performance and Accountability Act 2013 .
"person" includes a partnership.
Note: See also subsection 2C(1) of the Acts Interpretation Act 1901 .
"quarter" means a period of 3 months ending on 31 March, 30 June, 30 September or 31 December.
"realise" includes redeem or dispose of.
"responsible Ministers" means:
(a) the Treasurer; and
(b) the Finance Minister.
"rules" means rules made under section 56.
"Treasury Department" means the Department administered by the Treasurer.
"value" of an investment of the Aboriginal and Torres Strait Islander Land and Sea Future Fund means the market value of the investment. For this purpose, disregard anything that would prevent or restrict conversion of a financial asset to money.